Coty considers sale of Brazilian business

Coty considers sale of Brazilian business

M&A Corporate & Sovereign Strategy Equity Brazil US

New York-based Coty said it could sell its Brazilian subsidiary and use the money to pay down debt and return cash to shareholders.The company is also considering the sale of its professional beauty business and associated hair brands as it turns its attention to its fragrance, cosmetics and skin care businesses, Coty said in a statement."The scope of the businesses under strategic review is expected to generate net revenues of approximately $2.7bn in fiscal year 2019," Coty said without providi

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